Pre market analysis
Reasons to go long
Daily: Price is still very much bullish yesterdays
candle stick showed strong buying pressure at
Daily Support level also respecting the moving
averages as a form of support
H4: I like how price respected a strong level of
support also broke above resistance and above
moving averages and has now come back broken
level of resistance now seems to be holding
as a level of support also rejecting the 50EMA
Also brekaing above previous LH's and
now has formed a new higher high
H1: market seems to be running out of
steam bearish candles are getting weaker
looking for some sort of shift in momentum
at broken resistance acting as support .618 on
fibs
Looking for entry during NY session
Reasons to go long
Daily: Price is still very much bullish yesterdays
candle stick showed strong buying pressure at
Daily Support level also respecting the moving
averages as a form of support
H4: I like how price respected a strong level of
support also broke above resistance and above
moving averages and has now come back broken
level of resistance now seems to be holding
as a level of support also rejecting the 50EMA
Also brekaing above previous LH's and
now has formed a new higher high
H1: market seems to be running out of
steam bearish candles are getting weaker
looking for some sort of shift in momentum
at broken resistance acting as support .618 on
fibs
Looking for entry during NY session